It is quite interesting that the football club was founded in the year when Diego Maradona was born.
The 57-year-old Maradona said posted a photo of his new contract on his Instagram, with the note: "Thanks for the confidence and for thinking of me".
Diego Armando Maradona has been appointed as chairman of Belarusian top tier division side Dinamo Brest, the club announced on Wednesday.
Dinamo, based in the south-west of Belarus, are now in eighth position in the country's Premier League.
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"Yes, Diego's with us!" the club wrote on its official Twitter account late Tuesday, following media rumours over the weekend.
Diego Maradona will deal with issues of strategic development of "Dynamo".
They face BATE in the Belarusian Cup final on Sunday, where they will seek to defend the trophy they won past year.
The 57-year-old will take charge of Dynamo, who are eighth in their league, after the conclusion of this year's World Cup in Russian Federation. He had previously managed Al Wasl, but was dismissed in July 2012, midway through a two-year contract.